EAR
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0.00% 32.5¢ echo resources limited

No end in sight here, Gold market in the doldrums and sentiment...

  1. fbx258
    6,132 Posts.
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    20/07/18
    13:57
    Post #: 34477680
    No end in sight here, Gold market in the doldrums and sentiment is near zero.

    Though we are closer to a turn...

    XAUAUD in a monster 11 year symmetrical wedge..





    EAR range bound in 22c-27c needs to hold around here.

    upload_2018-7-20_13-40-21.png



    Sentiment on Gold/Silver/Copper is near 2015 lows at 7, they bottomed at 4.

    upload_2018-7-20_13-52-13.png

    All in all, sent is very low and the impatient are selling... needs flow of news and Gold to trend higher.

    Gold performance over the last 8 August months, only showed one negative month, 2016 after a 350usd run up in price.


    The stage is set for EAR..


    EAR Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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